EuroDry Ltd. Announces Agreement to Sell M/V “Pantelis”, a 2000-built Panamax Bulk Carrier
EuroDry Ltd. - Common Shares (EDRY)
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm
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Source: GlobeNewswire
ATHENS, Greece, Sept. 19, 2022 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Pantelis, a 74,020 dwt drybulk vessel, built in 2000, for approximately $9.7 million. The vessel is expected to be delivered to its new owners, an unaffiliated third party, by mid-October 2022. Aristides Pittas, Chairman and CEO of EuroDry commented: “Today, we are announcing our agreement to sell our M/V Pantelis, one of the eldest Panamax-size bulkers of our fleet. This sale is part of our effort to focus on more modern, eco-built, fuel-efficient vessels and is consistent with our overall ESG strategy. As a result of this sale, we expect to book a gain of approximately $3 million, or about $1.00 per share, when the transaction is completed during October 2022. The net proceeds of this sale will significantly increa
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EDRY
Earnings
- 2/15/24 - Beat
EDRY
Sec Filings
- 4/24/24 - Form 20-F
- 2/16/24 - Form 6-K
- EDRY's page on the SEC website